"Price is what you pay. Value is what you get." — Warren Buffett

Portfolio Investment Working Capital Healthcare

NHS Trust Network Infrastructure

How Axyon Holdings deployed over £2 million in working capital to enable two portfolio companies — Mistla and UKBTS — to deliver enterprise-grade network infrastructure for an NHS Trust in weeks rather than months.

Axyon Holdings·December 2025·Portfolio & Investment

Capital Deployed

£2m+

Portfolio Companies

Deployment Time

Weeks vs. months

Standard procurement: 12+ weeks. Axyon-backed delivery: significantly faster.

Sector

NHS / Healthcare

The Investment Thesis

Axyon Holdings invests in technology businesses that deliver essential services — and backs them with the financial resource to operate at the pace their clients require. This engagement is a clear example of that model in action.

Mistla and UKBTS, both Axyon portfolio companies, were engaged by an NHS Trust to upgrade network infrastructure and WiFi capability across multiple hospital sites. The scope was significant. The timeline was urgent. The Trust's standard procurement process would have taken months. Axyon's working capital facility removed that constraint entirely.

The Challenge

NHS Trusts operate in one of the most demanding connectivity environments in the UK. Electronic patient records, digital imaging systems, telemedicine platforms, IoT medical devices and mobile clinical tools all depend on a network that cannot go down. Dead zones, latency and outages have direct clinical consequences.

The Trust required a complete network upgrade across multiple buildings — enterprise WiFi, structured cabling, routing and switching, security infrastructure — all delivered with minimal disruption to live clinical operations. Large, complex, time-sensitive, and capital-intensive.

The barrier was not technical capability. Mistla and UKBTS had both the engineering expertise and the operational experience to deliver. The barrier was capital — the upfront cost of hardware procurement, engineering resource and colocation at the scale and speed the Trust required.

Axyon's Role

Axyon Holdings deployed over £2 million in working capital to fund the project from day one. This covered:

  • Enterprise network hardware procurement across multiple vendor relationships
  • Mistla and UKBTS engineering teams deployed across multiple hospital sites
  • Colocation and managed service infrastructure
  • Ongoing 24/7 monitoring and managed support post-deployment

By providing this capital, Axyon removed the procurement delay that would otherwise have extended the project timeline significantly. Hardware was sourced immediately. Engineering teams were mobilised without waiting for staged payments. The Trust received a fully deployed, tested and operational network in a fraction of the time a conventional procurement route would have required.

The Delivery

Mistla and UKBTS conducted thorough site surveys across the hospital estate before a single cable was pulled. Hospital architecture presents specific challenges — dense walls, high interference from medical equipment, critical care areas requiring uninterrupted service throughout installation. The phased delivery plan was built around clinical schedules, with no disruption to live services.

The delivered infrastructure includes enhanced WiFi coverage with full building penetration, increased bandwidth capacity, improved security protocols, hardware redundancy, and a scalable architecture designed to support the next generation of connected medical technology.

The Outcome

Clinical workflows

Healthcare professionals now have reliable network access to patient records and clinical systems from anywhere across the estate.

Patient experience

Improved connectivity supports patient entertainment systems and enables real-time communication between clinical teams and families.

Future-ready

The infrastructure supports emerging technologies including IoT medical devices, AI-assisted diagnostics and telemedicine at scale.

Operational efficiency

Trust IT teams benefit from reduced maintenance overhead, improved visibility and centralised network management through Mistla's managed service.

What This Demonstrates

This project is a practical illustration of the Axyon investment model. We don't simply take equity and wait for returns. We actively enable our portfolio companies to win and deliver larger, more complex engagements than they could access independently — by providing the working capital that matches the ambition of the work.

Mistla and UKBTS have the technical capability. Axyon provides the financial firepower. The combination means our portfolio companies can bid confidently on significant contracts, deliver without compromise, and build the kind of track record that creates long-term enterprise value.

For founders and businesses considering a relationship with Axyon — this is what active, hands-on investment looks like in practice.

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